According to the research literature titled ‘Global Smart Buildings Market: Analysis By Building Type (Residential, Commercial), By Application, By Region, By Country (2020 Edition): Market Insights, COVID-19 Impact, Competition and Forecast (2020-2025)’, available with Market Study Report, global smart buildings market was valued USD 43.8 billion in 2019 and is expected to grow considerably over 2020-2025.
 

As per the report findings, global smart buildings market is largely driven by implementation of modern technology and increased focus towards customization in the construction sector for optimal energy conservation and enabling a high degree of automation, so as to attract end-users.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/2752222/
 

Moreover, rising customer inclination towards sustainable technologies and adoption of green buildings and eco-friendly infrastructure will continue to augment the industry growth in the upcoming years.
 

Notably, automated systems in smart buildings allow facility managers to cut energy expenses, develop more comfortable environments, and quickly resolve errors when they occur. A major part of these automated systems are IoT sensors which facilitate transmission of real-time data for swift response.
 

Worldwide smart buildings market, based on building type, is fragmented into commercial, residential, and others. In terms of application scope, the industry is fragmented into infrastructure management, building energy management, intelligent security system, and network communications.
 

On the geographical front, Americas (United States, Canada, Mexico, Brazil), Europe (France, United Kingdom, Germany), and Asia Pacific (India, Japan, China). Among these, Americas held about 49.06% of the overall industry share in 2019 and is likely to remain a lucrative growth avenue in the forthcoming years. Rising penetration of latest smart building solutions that utilize advanced technologies like big data, IoT, cloud computing, deep learning, data analytics, and artificial intelligence is supporting the regional industry expansion.
 

The report makes a granular analysis of all the sub-markets, inclusive of details on the size, shares, and potential over the analysis period. Moreover, a comparative study on the past and present business landscape is included for a stronger realization of the industry’s growth trajectory.
 

The research literature further expands through a comprehensive account of the leading players in the worldwide smart buildings market sphere, including Legrand SA, IBM, Azbil Corp., Schneider Electric SE, Siemens ag, Cisco Systems Inc., United Technologies Corp., Trane Technologies plc, BuildingIQ Inc., and Johnson Controls International plc.